{"id":29219,"date":"2012-06-17T13:33:00","date_gmt":"2012-06-17T13:33:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/greece-exit-polls-very-close\/29217\/"},"modified":"2012-06-17T13:33:00","modified_gmt":"2012-06-17T13:33:00","slug":"greece-exit-polls-very-close","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/greece-exit-polls-very-close\/29219\/","title":{"rendered":"Greece Exit Polls &#8211; Very Close"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><!--\/mfunc--><\/p>\n<p>The first exit polls are in, with about 80% of voters being reported.\u00a0 The New Democracy seems to have a slight lead of Syriza in the Greek exit polls.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20120619173053im_\/http:\/\/content.screencast.com\/users\/stockdude999\/folders\/Jing\/media\/2adecd77-cd91-4139-8638-9b5d7c5835fb\/2012-06-17_1324.png\" alt=\"greek exit polls\"><\/p>\n<p>Greece&#8217;s conservatives and radical left Syriza parties were in a very statistical dead heat inside a race too near call, early exit polls showed Sunday, an outcome that may fuel investor fears over further political uncertainty within the 17-nation euro zone and coming just hours ahead of the first Asia-Pacific markets open for trade.<\/p>\n<p><!--Ad Injection mfunc mode ad code--><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p>In line with the exit polls shown around the state-owned NET television channel just minutes after the ballots closed, the conservative New Democracy was estimated to get garnered between 27.5% and 30.5% from the vote, versus 27% and 30% for Syriza.<\/p>\n<p>At risk isn&#8217;t just control over Greece&#8217;s 300-member parliament but potentially the fate of Europe&#8217;s fragile 17-member currency bloc.<\/p>\n<p>The crisis has now spread to Spain, the euro zone&#8217;s fourth-largest economy, forcing it recently to ask about for a bailout for its banks and also threatens to engulf Italy, severely testing the region&#8217;s sovereign rescue firepower.<\/p>\n<p>Greek voters face an alternative between two competing visions of methods their country should confront a hardcore austerity program demanded by European and international creditors in return for aid, but containing helped push the economy deep into recession and unemployment to record highs.<\/p>\n<p>The vote has pit New Democracy party-which mostly props up country&#8217;s latest European-led bailout-against their leftist rival, Syriza, which desires to tear inside the austerity program that was included with it.<\/p>\n<p>Official projections are required around 1830 GMT &#8212; when 25% of the vote is counted&#8211;that may also give an indication of ways many seats all parties will win in parliament. Who comes first is crucial: under Greek election law, the party with the most votes gets a 50 seat bonus in parliament passing it on an unassailable advantage in forming a coalition government.<\/p>\n<p>The exit polls also indicate a fragmented parliament with no party more likely to win an outright majority, setting off another contentious round of coalition talks around Monday. 10 days of coalition talks following an inconclusive vote May 6 failed to make a stable government, forcing Sunday&#8217;s second round.<\/p>\n<p>Any new government will face Olympian hurdles when it will require office, using a central administration threatened by way of a cash crunch within weeks, an economy in free fall and an angry public exhausted by 2 yrs of successive austerity measures.<\/p>\n<p>Greece&#8217;s reform program can also be wealthy track, following weeks of political paralysis. The initial task facing Sunday&#8217;s winner will probably be to get %u20AC11.5 billion ($14.5 billion) &#8212; maybe more &#8212; of the latest austerity measures being demanded by the country&#8217;s creditors but which may further inflame public opinion.<\/p>\n<p>Big market moves for the <a href=\"https:\/\/thestockmarketwatch.com\/markets\/nasdaq\/today.aspx\">Nasdaq<\/a> (INDEXNASDAQ:.IXIC), S&amp;P (INDEXSP:.INX) and <a href=\"https:\/\/thestockmarketwatch.com\/markets\/dowjones\/today.aspx\">Dow Jones<\/a> (INDEXDJX:.DJI) are expected next week as voters digest the news from Greece. For those of you tracking the US markets with <a href=\"https:\/\/thestockmarketwatch.com\/markets\/etfs\/today.aspx\">ETFs<\/a>, that&#8217;d be (<a href=\"https:\/\/thestockmarketwatch.com\/markets\/nasdaq\/today.aspx\">NASDAQ<\/a>:QQQ), (NASDAQ:SPY), (NASDAQ:DIA).<\/p>\n<div class=\"nr_clear\"><\/div>\n<div id=\"nrelate_popular_2\" class=\"nrelate nrelate_popular nrelate_default nr_1col nr_text\"><\/div>\n<p>\t<!--[if IE 6]>\n\t\t<script type=\"text\/javascript\">jQuery('.nrelate_default').removeClass('nrelate_default');<\/script>\n\t<![endif]--><\/p>\n<p>\t<script type=\"text\/javascript\">\n\t\/* <![CDATA[ *\/\n\t\tnRelate.domain = \"thestockmarketwatch.com%2Fstock-market-news\";\n\t\tvar entity_decoded_nr_mp_url = jQuery('<span\/>').html(\"https:\/\/web.archive.org\/web\/20120619173053\/http:\/\/api.nrelate.com\/mpw_wp\/0.51.2\/?tag=nrelate_popular&domain=thestockmarketwatch.com%2Fstock-market-news&url=http%3A%2F%2Fthestockmarketwatch.com%2Fstock-market-news%2Fgreece-exit-polls-very-close%2F29219&nr_div_number=2&maxageposts=7200&increment=1\").text();\n\t\tnRelate.getNrelatePosts(entity_decoded_nr_mp_url);\n\t\/* ]]&gt; *\/\n\t<\/script>\n\n\n<div class=\"nr_clear\"><\/div>\n\n\n\n\n<!-- AddThis Button BEGIN -->\n\n\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a>\n<a class=\"addthis_button_preferred_2\"><\/a>\n<a class=\"addthis_button_preferred_3\"><\/a>\n<a class=\"addthis_button_preferred_4\"><\/a>\n<a class=\"addthis_button_compact\"><\/a>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n\n\n<script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script>\n<!-- AddThis Button END -->\n\n\n\n\n<p>More Posts by this author<\/p>\n\n\n\n<ul>\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/greece-exit-polls-very-close\/29219\">\nGreece Exit Polls &#8211; Very Close<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/wdc-ebay-wynn-nvec-typ-are-pre-market-losers-wdc-ebay-wynn-nvec-typ\/13602\">\nPre-Market Losers (WDC, EBAY, WYNN, NVEC, TYP)<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/nok-kwk-eric-alu-wy-are-pre-market-movers-nok-kwk-eric-alu-wy\/13601\">\nPre-Market Movers (NOK, KWK, ERIC, ALU, WY)<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/oracle-and-adobe-jump-on-earnings\/12661\">\nOracle and Adobe Jump on Earnings<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/did-a-rogue-trader-hurt-ubs-investment-bank\/12494\">\nDid a Rogue Trader Hurt UBS Investment Bank?<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/greece-default-crisis-fears-subside-asia-markets-bullish-today\/12481\">\nGreece default crisis fears subside, Asia markets bullish today<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/what-is-rule-48-which-was-invoked-by-the-nyse\/12260\">\nWhat is Rule 48, which was invoked by the NYSE?<\/a><\/li>\n\n\n\n<\/ul>\n\n\n\n\n<hr>\n\n\n\n\n\n<table style=\"border:none;margin:0;\">\n\n\n<tr>\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20120619173053im_\/http:\/\/thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/1.jpg\" alt=\"Sam Manning\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n\n\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n\n\n<div style=\"font-size:11pt;\"><b>Post Written By: Sam Manning <\/b><\/div>\n\n\n\n\n<div style=\"font-size:10pt;\">\n\n\nSam Manning is a long-time investor and writer for various stock market related news sources.  Sam loves playing futbol\/soccer and spending time with two sons and daughter.  Sam&#8217;s experience of over 15 years of full-time investing adds a great deal to the usefulness of the articles on TheStockMarketWatch.com.\n<\/div>\n\n\n<\/td>\n\n<\/tr>\n\n<\/table>\n\n\n\n\n\n\n<script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script>\n\n\t\t\t\t\t\t\n\n\t\n\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The first exit polls are in, with about 80% of voters being reported.\u00a0 The New Democracy seems to have a 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